Why Two Wheeler Insurance is Essential for Food Delivery Bikes in India

As many people opt to get their food delivered to them, the business of food delivery has increased substantially. There are many riders who deliver food from their restaurants or via popular food delivery apps. While they ensure people get their food, they also need to have two-wheeler insurance.

People who own a bike or scooter are required to buy two wheeler insurance. This insurance can cover them against expenses arising due to third-party and own vehicle damages.

Types of Two-Wheeler Insurance

Primarily, there are two types of two-wheeler insurance-

  • Third-Party Insurance

Under this policy, the insurer will provide cover against third-party injuries and death. This plan will also cover third-party vehicle damage. However, damages to own vehicle will not be covered.

  • Comprehensive Insurance

Comprehensive insurance covers third party as well as own damages. If a policyholder accidentally damages a third party, then the insurer can cover third-party injuries, death, and vehicle damages. Furthermore, this plan covers the insured person’s vehicle damages, injuries, and death.

Benefits of Two-Wheeler Insurance

Two-wheeler insurance is an important policy that every bike and scooter owner should purchase to get financial protection against various accidental expenses. Let’s take a look at the benefits of two-wheeler insurance-

  • Cover Against Accidental Damages

This is the most important benefit that two-wheeler insurance provides. Two-wheeler insurance offers financial assistance to repair the damages caused to the bike due to an accident. However, it is important to keep in mind that third-party insurance doesn’t cover damages to the insured person’s vehicle.

  • Financial Protection Against Man-Made and Natural Calamities

In case of a comprehensive plan, the insurer provides cover against damages or loss caused by natural and man-made calamities, such as fire, earthquake, hurricane, theft, riot, etc.

  • Protects the Policyholder’s Savings

If a bike owner isn’t insured, then he/she will have to pay for third-party and own damages. The expenses can be very high and lead to a huge financial burden. However, by purchasing two-wheeler insurance, bike and scooter owners can protect themselves from such expenses.

How to Select the Right Two-Wheeler Insurance?

There are a few factors that two-wheeler owners should consider before purchasing insurance-

  • Cover

Two-wheeler owners must consider their requirements while looking for insurance plans. For instance, as food delivery riders are typically in a rush to make their delivery, the likelihood of getting into an accident is high. In this accident, they might damage third-party property and their own bike. Hence, they should look for a plan that provides comprehensive cover.

  • Premium Amount

Two-wheeler owners should compare the premium amount charged by different insurance policy companies based on the cover they want. This will allow them to opt for the right policy that fits their budget. Once they find the best two-wheeler insurance, they can easily buy bike insurance online.

Buy Two-Wheeler Insurance for Financial Protection

As food delivery riders tend to get into accidents, it becomes essential for them to get financial protection against various accidental damages. Compare different plans and choose the right one. 

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